Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tranthidung
on 06/08/2019, 15:05:09 UTC
Obyte itself doesn't do bets, 2 persons can make a P2P bet by paring their Obyte wallets or by using a Sports Betting bot in Obyte wallet. Obyte is not between those bets in any other way than just having an oracle that posts sports results to DAG, but anybody could become a sports oracle, which anybody else could use for P2P bets or for their bot, so Obyte being currently also a sports oracle is just to show what is possible, there are some other sport oracles on Obyte, but nothing permanent https://obyte.io/oracles

You get the biggest benefit of using Obyte on some betting platform when you use it's smart-contract capabilities. If you use Obyte just as another payment option on centralized betting platform then it really doesn't make much sense. Any bookie could become a bet maker and provide more liquidity on Sports Betting bot by implementing this API https://github.com/Papabyte/betting-bot-API/blob/master/COMMANDS.md
I know the bet feature through bot in Obyte wallet, that was available in late of 2017 or very early months of 2018 (if I am remembering correctly). I just think that if Obyte team can make partnerships with casinos, that accepted crypto currencies, Obyte project might get some sorts of benefits. There are so many online casinos that accept crypto currencies, and they have been in the forum for years. If such partnerships don't have risks on reputation of Obyte, why not think of it? P2P bets are not enough to expand use cases of Obyte, at least in case of betting.